They're not even in dealerships yet.
As we write these very words, the all-new 2021 Ford F-150 continues to roll off the assembly line in Kansas City, Missouri and Dearborn, Michigan. Without question, it'll be a huge success for the Blue Oval, just as it has been for decades. While rivals, specifically the Chevrolet Silverado 1500 and Ram 1500, continue to fight for second place in overall US annual sales, the F-150 is fully expected to remain No. 1.
Although it's not yet in dealerships, a reality that should start happening nearly any day now, Ford has already begun offering some attractive deals, according to CarsDirect. What's interesting is that normally automakers are mainly focused on moving the outgoing model year vehicles at this time, but Ford also wants to get 2021 F-150 sales off to a solid start.
So, here's what's currently being offered: no payments until 2021, meaning a 90-day deferral. However, it's still very important to read the fine print because Ford is featuring a 2.9 percent APR financing for 36 months while 36 and 48 months are available at 3.9 percent and 4.9 percent, respectively. What's evident is that those rates aren't particularly great, but the deferred payments could still be quite nice to have, especially as the holiday season approaches.
But if you're still not satisfied with a 90-day deferral, then you might find this alternative more enticing. There are some hidden discounts on certain trim levels, such as the XLT. For example, Ford Credit has a $1,000 financing bonus and up to $1,500 in bonus cash.
Other previously discovered hidden discounts can be worth upwards of $2,250. For more serious budget shoppers who don't have their hearts set on a 2021 model, the 2020 F-150 can be had with rates as low as 0 percent for 60 months in some parts of the country. There's also a $4,000 purchase incentive on 2020 XLT Crew Cabs along with a $2,000 trade-in assistance bonus. All told, that's $6,000 in savings.
Something else worth remembering is that automakers typically release Black Friday deals, though they won't arrive for another couple of weeks. Ford's current 2020 and 2021 F-150 offers will remain in place until January 4, 2021.